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Stock impact report

PS Business Parks, Inc. Reports Results for the Quarter Ended June 30, 2019

PS Business Parks, Inc. (MD) (PSB) 
Last ps business parks, inc. (md) earnings: 10/22 05:08 pm Check Earnings Report
US:NYSE Investor Relations: psbusinessparks.com/investor-relations
Company Research Source: Business Wire
GLENDALE, Calif.--(BUSINESS WIRE)--PS Business Parks, Inc. (NYSE:PSB) reported operating results for the three and six months ended June 30, 2019.Operating Results for the Three Months Ended June 30, 2019Net income allocable to common shareholders was $28.6 million, or $1.04 per diluted common share, for the three months ended June 30, 2019, a decrease of $41.6 million, or 59.3%, from $70.2 million, or $2.56 per diluted common share, for the same period in 2018. The decrease was mainly due to the gain on sale of real estate facilities sold during the second quarter of 2018 that did not recur in the second quarter of 2019, partially offset by an increase in net operating income (“NOI”) with respect to our real estate facilities. The increase in NOI includes a $3.4 million, or 5.2%, increase attributable to our Same Park facilities driven by an increase in rental rates, combined with increased NOI from our Non-Same Park and multifamily assets, partially offset by reduced NOI generat Show less Read more
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